Situated on W Milwaukee Street in the heart of downtown Janesville, a walkable corridor with restaurants, retail, and civic amenities. High foot traffic street with strong visibility for commercial tenants. Stable mixed-use income stream. Seven income-producing units spanning two asset classes (four residential apartments and three commercial storefronts), providing the kind of diversification that pure residential or pure retail properties cannot offer.
Low operating expenses. 2025 property taxes of just $4,280, owner-paid utilities capped at residential units only, updated mechanical systems, and a zero landscaping footprint combine to produce a total operating expense ratio well below comparable mixed-use assets. Huge value-add upside! Residential rents running $225 to $350 below comparable units on the same corridor. Renovated comps pushing even higher. One storefront delivered vacant at closing offering a new owner immediate income upside on the retail side.
